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There's billionaires, and then there's billionaires: Saudi prince Alwaleed just pledged $32-billion fortune to charity, with a strategic distribution plan in place.

"Saudi billionaire Prince Alwaleed bin Talal has vowed to give away his $32 billion fortune to charity. 'In time all my wealth will go to good causes. Right now the bulk of the income not the assets will go to good causes,' the 60-year old prince told reporters in Riyadh. According to the Bloomberg Billionaires Index, he is the world’s 20th richest person with a fortune of $30.5bn." -- Dania Saadi, the [Abu Dhabi] National

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